Common use of Transaction Sublimits Clause in Contracts

Transaction Sublimits. The following sublimits shall also be applicable to the Transactions hereunder such that after giving effect to any proposed Transaction and after giving effect to any repurchase, addition or substitution of any Mortgage Loan hereunder, the following shall be true: (a) The Aggregate Outstanding Purchase Price of Conforming Mortgage Loans may be as much as 100% of the Maximum Aggregate Commitment. (b) The Aggregate Outstanding Purchase Price of all Purchased Loans that are Wet Loans shall not exceed (x) 55% of the Maximum Aggregate Commitment on any of the first five and last five Business Days of any month or (y) 35% of the Maximum Aggregate Commitment on any other day (the “Wet Loans Sublimit”). (c) The Aggregate Outstanding Purchase Price of all Purchased Loans that are of the type listed in the first column of the following table shall not exceed the percentage of the Maximum Aggregate Commitment listed in the second column of the table: Jumbo Mortgage Loans and Super Jumbo Mortgage Loans, taken in the aggregate 15 % Super Jumbo Mortgage Loans 5 % MIP Mortgage Loans 15 % Streamline Refinance Loans 5 % Sales to Xxxxx Mac Mortgage Investment Trust 25 % Redwood Trust Jumbo Mortgage Loans 10 %

Transaction Sublimits. The following sublimits shall also be applicable to the Transactions hereunder such that after giving effect to any proposed Transaction and after giving effect to any repurchase, addition or substitution of any Mortgage Loan hereunder, the following shall be true: (a) The Aggregate Outstanding Purchase Price of Conforming Mortgage Loans may be as much as one hundred percent (100% %) of the Maximum Aggregate Commitment. (b) The Aggregate Outstanding Purchase Price of all Purchased Loans that are Wet Loans shall not exceed (x) 55% sixty percent (60%) of the Maximum Aggregate Commitment on any of the first five and last five Business Days of any month or (y) thirty-five percent (35% %) of the Maximum Aggregate Commitment on any other day (the “Wet Loans Sublimit”). (c) The Aggregate Outstanding Purchase Price of all Purchased Loans that are of the type listed in the first column of the following table shall not exceed the percentage of the Maximum Aggregate Commitment listed in the second column of the table: . Jumbo Mortgage Loans and Super Jumbo 10% High LTV Mortgage Loans, taken Loans 10% USBHM Mortgage Loans 100% (d) The Agent may agree to any change in the aggregate 15 % Super Jumbo Mortgage not involving more than One Million Five Hundred Thousand Dollars ($1,500,000) of the Purchased Loans 5 % MIP Mortgage Loans 15 % Streamline Refinance Loans 5 % Sales to Xxxxx Mac Mortgage Investment Trust 25 % Redwood Trust Jumbo Mortgage Loans 10 %in the handling of the Purchased Loans, as set forth in Section 22.5.

Transaction Sublimits. The following sublimits shall also be applicable to the Transactions hereunder such that after giving effect to any proposed Transaction and after giving effect to any repurchase, addition or substitution of any Mortgage Loan hereunder, the following shall be true: (a) The Aggregate Outstanding outstanding Purchase Price Prices of all Conforming Mortgage Loans may be as much as 100% of the Maximum Aggregate Commitment. (b) The Aggregate Outstanding outstanding Purchase Price Prices of all Purchased Loans that are Wet Loans shall not exceed (x) 55% of the Maximum Aggregate Commitment on any of the first five and last five Business Days of any month or (y) 35% of the Maximum Aggregate Commitment on any other day (the “Wet Loans Sublimit”). (c) The Aggregate Outstanding outstanding Purchase Price Prices of all Purchased Loans that are of the type listed in the first column of the following table shall not exceed the percentage of the Maximum Aggregate Commitment or the United States dollar amount listed in the second column of the table: Jumbo Mortgage Loans and Super Jumbo Mortgage Loans, taken in the aggregate 15 20% Super Jumbo Mortgage Loans 5 % MIP Mortgage Loans 15 10% Streamline Refinance Loans 5 5% Sales to Xxxxx Mac Non-Conforming/Non-QM Mortgage Investment Trust 25 % Redwood Trust Loans $5,000,000 (d) The Purchase Value for any Super Jumbo Mortgage Loans 10 %Loan hereunder shall not be more than One Million Five Hundred Thousand Dollars ($1,500,000).

Transaction Sublimits. The following sublimits shall also be applicable to the Transactions hereunder such that after giving effect to any proposed Transaction and after giving effect to any repurchase, addition or substitution of any Mortgage Loan hereunder, the following shall be true: (a) The Aggregate Outstanding outstanding Purchase Price Prices of Conforming Mortgage Loans may be as much as one hundred percent (100% %) of the Maximum Aggregate Commitment. (b) The Aggregate Outstanding outstanding Purchase Price Prices of all Purchased Loans that are Wet Loans shall not exceed (x) 55% sixty-five percent (65%) of the Maximum Aggregate Commitment on any of the first five and last five Business Days of any month or (y) thirty-five percent (35% %) of the Maximum Aggregate Commitment on any other day (the “Wet Loans Sublimit”). (c) The Aggregate Outstanding outstanding Purchase Price Prices of all Purchased Loans that are of the type listed in the first column of the following table shall not exceed the percentage of the Maximum Aggregate Commitment listed in the second column of the table: . Jumbo Mortgage Loans and Super Jumbo Mortgage Loans, taken in the aggregate 15 collectively 30% Super Jumbo Mortgage Loans 5 10% MIP High LTV Mortgage Loans 15 10% Streamline Refinance Loans 5 % Sales to Xxxxx Mac Mortgage Investment Trust 25 % Redwood Trust Jumbo Mortgage Loans 10 (USBHM) other than Second Mortgage Loans (USBHM) 100% Second Mortgage Loans (USBHM) 5% (d) The Agent may agree to any change in the aggregate not involving more than Two Million Dollars ($2,000,000) of the Purchased Loans in the handling of the Purchased Loans, as set forth in Section 22.5. (e) The Purchase Value for any Purchased Loan hereunder shall not be more than Two Million Dollars ($2,000,000).

Transaction Sublimits. The following sublimits shall also be applicable to the Transactions hereunder such that after giving effect to any proposed Transaction and after giving effect to any repurchase, addition or substitution of any Mortgage Loan hereunder, the following shall be true: (a) The Aggregate Outstanding outstanding Purchase Price Prices of all Conforming Mortgage Loans may be as much as 100% of the Maximum Aggregate Commitment. (b) The Aggregate Outstanding outstanding Purchase Price Prices of all Purchased Loans that are Wet Loans shall not exceed (x) 55% of the Maximum Aggregate Commitment on any of the first five and last five Business Days of any month or (y) 35% of the Maximum Aggregate Commitment on any other day (the “Wet Loans Sublimit”). (c) The Aggregate Outstanding outstanding Purchase Price Prices of all Purchased Loans that are of the type listed in the first column of the following table shall not exceed the percentage of the Maximum Aggregate Commitment or the United States dollar amount listed in the second column of the table: Jumbo Mortgage Loans and Super Jumbo Mortgage Loans, taken in the aggregate 15 20% Super Jumbo Mortgage Loans 5 % MIP Mortgage Loans 15 10% Streamline Refinance Loans 5 5% Sales to Xxxxx Mac Mortgage Investment Trust 25 % Redwood Trust Regions Bank Doctors Program Loans $5,000,000 (d) The Purchase Value for any Super Jumbo Mortgage Loans 10 %Loan hereunder shall not be more than One Million Five Hundred Thousand Dollars ($1,500,000).

Transaction Sublimits. The following sublimits shall also be applicable to the Transactions hereunder such that after giving effect to any proposed Transaction and after giving effect to any repurchase, addition or substitution of any Mortgage Loan hereunder, the following shall be true: (a) The Aggregate Outstanding Purchase Price of Conforming Mortgage Loans may be as much as one hundred percent (100% %) of the Maximum Aggregate CommitmentCommitment (the “Conforming Loan Sublimit”). (b) The Aggregate Outstanding Purchase Price of all Purchased Loans that are Wet Loans shall not exceed (x) 55% fifty percent (50%) of the Maximum Aggregate Commitment on any of the first five and last five Business Days of any month or (y) thirty-five percent (35% %) of the Maximum Aggregate Commitment on any other day (the “Wet Loans Sublimit”). (c) The Aggregate Outstanding Purchase Price of all Purchased Loans that are of the type listed in the first column of the following table shall not exceed the percentage of the Maximum Aggregate Commitment or amount listed in the second column of the table: table (the name of that Sublimit is set forth in the third column). (d) The Aggregate Outstanding Purchase Price of all Purchased Loans that are Jumbo Mortgage Loans and or Super Jumbo Mortgage Loans, taken in Loans shall not exceed the aggregate 15 % greater of Five Million Dollars ($5,000,000) or five percent (5%) of the Maximum Aggregate Commitment on any day (“Jumbo/Super Jumbo Mortgage Loans 5 % MIP Mortgage Loans 15 % Streamline Refinance Loans 5 % Sales to Xxxxx Mac Mortgage Investment Trust 25 % Redwood Trust Jumbo Mortgage Loans 10 %Sublimit”).

Transaction Sublimits. The following sublimits shall also be applicable to the Transactions hereunder such that after giving effect to any proposed Transaction and after giving effect to any repurchase, addition or substitution of any Mortgage Loan hereunder, the following shall be true: (a) The Aggregate Outstanding outstanding Purchase Price Prices of Conforming Mortgage Loans may be as much as 100% of the Maximum Aggregate Commitment. (b) The Aggregate Outstanding outstanding Purchase Price Prices of all Purchased Loans that are Wet Loans shall not exceed (x) 55% of the Maximum Aggregate Commitment on any of the first five and last five Business Days of any month or (y) 35% of the Maximum Aggregate Commitment on any other day (the “Wet Loans Sublimit”). (c) The Aggregate Outstanding outstanding Purchase Price Prices of all Purchased Loans that are of the type listed in the first column of the following table shall not exceed the percentage of the Maximum Aggregate Commitment listed in the second column of the table: Jumbo Mortgage Loans and Super Jumbo Mortgage Loans, taken in the aggregate 15 20% Super Jumbo Mortgage Loans 5 % MIP Mortgage Loans 15 10% Streamline Refinance Loans 5 % Sales to Xxxxx Mac Mortgage Investment Trust 25 % Redwood Trust Jumbo Mortgage Loans 10 5% (d) The Purchase Value for any Purchased Loan hereunder shall not be more than One Million Five Hundred Dollars ($1,500,000).